Mistral Large 3 (675B Instruct 2512) vs QwQ-32B-Preview

    Comparison

    As of August 20, 2026, QwQ-32B-Preview is 63% cheaper per million tokens than Mistral Large 3 (675B Instruct 2512). Mistral Large 3 (675B Instruct 2512) is $0.50 / $1.50 per million input/output tokens versus QwQ-32B-Preview at $0.15 / $0.60. Sources: https://docs.mistral.ai/platform/pricing/ and https://bailian.console.aliyun.com/

    Sources: Mistral AI pricing (https://docs.mistral.ai/platform/pricing/); Qwen pricing (https://bailian.console.aliyun.com/)

    Mistral Large 3 (675B Instruct 2512)

    Mistral

    $2.00blended / 1M

    Input

    $0.50

    Output

    $1.50

    262.1K ctx|Open Source
    63%
    cheaper
    Better value

    QwQ-32B-Preview

    Qwen

    $0.75blended / 1M

    Input

    $0.15

    Output

    $0.60

    32.8K ctx|Open Source
    Save $1.25 per million tokens by choosing QwQ-32B-Preview over Mistral Large 3 (675B Instruct 2512).

    Mistral Large 3 (675B Instruct 2512) vs QwQ-32B-Preview comparison

    Token pricing, specs, and benchmarks side by side

    Metric
    Mistral Large 3 (675B Instruct 2512)
    QwQ-32B-Preview
    Provider
    Provider
    Mistral
    Qwen
    License
    Open Source
    Open Source
    Release Date
    2025-12-04
    2024-11-28
    Pricing (per 1M tokens)
    Input Price+233%
    $0.50
    $0.15
    Output Price+150%
    $1.50
    $0.60
    Blended (1M + 1M)
    $2.00
    $0.75
    Model Details
    Context Window
    262.1K
    32.8K
    Max Output Tokens
    262.1K
    32.8K
    Knowledge Cutoff
    N/A
    2024-11-28
    Throughput
    45.89 tok/s
    76.04 tok/s
    Benchmarks
    43.9%
    65.2%
    23.8%
    85.5%
    50%
    90.6%
    40.3%
    Benchmark Wins
    Mistral Large 3 (675B Instruct 2512) 0|2 QwQ-32B-Preview

    Verdict

    Mistral Large 3 (675B Instruct 2512) vs QwQ-32B-Preview: the bottom line

    QwQ-32B-Preview offers both lower pricing and stronger benchmark performance across the board, making it the clear value leader in this comparison.

    Mistral Large 3 (675B Instruct 2512) vs QwQ-32B-Preview FAQ

    Which is cheaper, Mistral Large 3 (675B Instruct 2512) or QwQ-32B-Preview?

    As of August 20, 2026, QwQ-32B-Preview is 63% cheaper on blended LLM API pricing. QwQ-32B-Preview costs $0.15 per million input tokens and $0.60 per million output tokens ($0.75 blended 1M-in + 1M-out). Mistral Large 3 (675B Instruct 2512) costs $0.50 / $1.50 per million tokens ($2.00 blended). Sources: https://docs.mistral.ai/platform/pricing/ and https://bailian.console.aliyun.com/. The cheapest LLM for your app still depends on how many output tokens you generate.

    How much does Mistral Large 3 (675B Instruct 2512) vs QwQ-32B-Preview cost per million tokens?

    Mistral Large 3 (675B Instruct 2512) Mistral API pricing is $0.50 input and $1.50 output per million tokens via Mistral AI. QwQ-32B-Preview Qwen API pricing is $0.15 input and $0.60 output per million tokens via Qwen. Use those four numbers, not ChatGPT Plus or Claude Pro subscription prices, when you are comparing APIs.

    Which is better for coding, Mistral Large 3 (675B Instruct 2512) or QwQ-32B-Preview?

    QwQ-32B-Preview leads on LiveCodeBench: Mistral Large 3 (675B Instruct 2512) at 34.4% vs QwQ-32B-Preview at 50%. SWE-bench measures real GitHub fixes; LiveCodeBench measures contest programming.

    What is the context window for Mistral Large 3 (675B Instruct 2512) vs QwQ-32B-Preview?

    Mistral Large 3 (675B Instruct 2512) supports a 262K token context window, while QwQ-32B-Preview supports 33K tokens. Mistral Large 3 (675B Instruct 2512) offers a larger context window. Filling a larger window bills more input tokens, so the cheaper-per-million model can still cost more on long documents.

    Which model performs better on benchmarks, Mistral Large 3 (675B Instruct 2512) or QwQ-32B-Preview?

    QwQ-32B-Preview leads on 2 of 2 shared benchmarks versus Mistral Large 3 (675B Instruct 2512)'s 0 wins. Check the comparison table for GPQA Diamond, SWE-bench, MMLU, HLE, and the other evals we track. Token price and benchmark score together are the usual LLM comparison, not either number alone.

    Is Mistral Large 3 (675B Instruct 2512) or QwQ-32B-Preview better for production use?

    Both Mistral Large 3 (675B Instruct 2512) and QwQ-32B-Preview are production API models. For cost-sensitive production traffic, QwQ-32B-Preview has better economics on the blended 1M-in + 1M-out scale. For maximum capability, weight the benchmark table for your domain. Many production stacks route cheap models for drafts and a frontier model for the hard turn, which is usually cheaper than sending everything to the expensive API.

    Can I switch between Mistral Large 3 (675B Instruct 2512) and QwQ-32B-Preview in my app?

    Yes. Call Mistral Large 3 (675B Instruct 2512) through Mistral AI and QwQ-32B-Preview through Qwen with separate API keys, or through a gateway that already wraps both. Keep prompts in tokens, not characters, when you estimate the invoice. AnotherWrapper templates can swap providers without rewriting auth and billing.

    How accurate is this Mistral Large 3 (675B Instruct 2512) vs QwQ-32B-Preview pricing data?

    List rates are the latest published Mistral API pricing and Qwen API pricing, quoted per million tokens. Official rate sheets: https://docs.mistral.ai/platform/pricing/ and https://bailian.console.aliyun.com/. Prompt caching, batch APIs, and committed-use discounts can change the invoice. Benchmark scores are from official publications and independent evals, updated as new numbers land.

    What is the output token limit for Mistral Large 3 (675B Instruct 2512) and QwQ-32B-Preview?

    Mistral Large 3 (675B Instruct 2512) supports up to 262K output tokens per request, while QwQ-32B-Preview supports up to 33K output tokens. Output tokens are usually the expensive half of API pricing, so a higher max output cap is a capability, not a discount.

    Which model has better throughput, Mistral Large 3 (675B Instruct 2512) or QwQ-32B-Preview?

    Mistral Large 3 (675B Instruct 2512) runs at approximately 45.89 tokens/second while QwQ-32B-Preview runs at 76.04 tokens/second. QwQ-32B-Preview is faster in raw throughput. Throughput (tokens per second) and time-to-first-token are why two models with the same per-million-token price can still feel different in chat and agents.

    How do I switch the models in this Mistral Large 3 (675B Instruct 2512) vs QwQ-32B-Preview comparison?

    Use the model pickers at the top of this LLM comparison. Search any model in the index and the URL updates. Open Mistral Large 3 (675B Instruct 2512) or QwQ-32B-Preview from the sidebar for the single-model API pricing page, or go back to the LLM pricing table to sort by cheapest blended cost.

    Mistral Large 3 (675B Instruct 2512) vs QwQ-32B-Preview pricing

    This comparison covers API pricing, context window, throughput, and benchmark scores. Mistral Large 3 (675B Instruct 2512) costs $0.50/M input and $1.50/M output via Mistral AI. QwQ-32B-Preview costs $0.15/M input and $0.60/M output.

    Rank both on the LLM leaderboard, SWE-bench, and Humanity's Last Exam.

    The index

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    Next step

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